Belgium-based imec.xpand, in collaboration with imec, has recently announced the launch of a new €300M fund aimed at accelerating semiconductor and nanotechnology innovations. This independent global venture capital fund is set to drive the growth of transformative technologies in various fields, including artificial intelligence, machine learning, augmented reality/virtual reality, and photonics.
The fund will focus on empowering startups to bring innovative technologies to the market faster, ultimately advancing the semiconductor industry. With a keen eye on breakthrough technologies, imec.xpand is looking to support companies working on cutting-edge innovations in the semiconductor and nanotechnology space.
According to Tom Vanhoutte, a partner at imec.xpand, Imec.xpand is not just about funding startups, it’s about building companies that can lead the next wave of technological transformation. The venture capital’s portfolio companies will benefit from access to imec’s extensive network, cleanroom facility, leading expertise, and the opportunity for low-volume manufacturing.
Imec.xpand is known for its focus on early-stage semiconductor innovation, investing in ambitious deep tech startups where imec’s knowledge and infrastructure can play a crucial role in their growth. The VC has already invested in 23 companies, two of which have achieved unicorn status, raising almost €1.5B in financing to date.
The fund’s strategic approach and collaboration with imec position imec.xpand as a key player in driving technological advancements in the semiconductor and nanotechnology sectors. The initiatives undertaken by imec.xpand are poised to have a significant impact on shaping the future of these industries and paving the way for groundbreaking innovations.
